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Grown Rogue Subsidiary Begins Operations in New Jersey
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Grown Rogue Subsidiary Begins Operations in New Jersey
Aug 29, 2024 9:20 AM

08:05 AM EDT, 08/28/2024 (MT Newswires) -- Grown Rogue International ( GRUSF ) , a craft cannabis company, on Wednesday said subsidiary ABCO Garden State, a licensed cannabis cultivator in New Jersey, began Phase I operations.

Phase I includes about 8,000 sq ft of flowering canopy, as measured by bench space, that should produce 500 to 600 pounds of craft quality, whole flower per month. The first harvest is planned for November with sales following shortly thereafter, said CEO Obie Strickler.

Grown Rogue ( GRUSF ) owns 44% of ABCO, holds an option to acquire an additional 26% for US$720,000 and has the right to acquire all remaining equity at fair market value.

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